Information courtesy of Andy Hoglund
Belmont Savings Bank announced it will close its Cushing Square branch at 78 Trapelo Road on Jan. 18, 2014.
In a letter to customers, the Bank said it expects no disruption in service and that, for the convenience of its customers, all accounts will be automatically transferred to the 277 Trapelo Road branch located less than half of a mile away. The Bank also confirmed that all Cushing Square staff members will remain with the Bank, serving customers at other neighboring locations.
According to Robert Mahoney, president and CEO of Belmont Savings Bank, “The decision to close the Cushing Square branch was a practical one, given its close proximity to two other full service Belmont Savings Bank branches. This change will allow us to continue to offer great service, competitive products and pursue our growth strategy which includes new markets. Belmont Savings remains committed to serving the residents and businesses in Belmont for years to come,” said Mahoney.
Earlier this year, Belmont Savings opened two full service in-store branches inside Shaw's Supermarkets in nearby towns: one at the Star Market located at 699 Mount Auburn Street in Cambridge, and another at 33 Austin Street in Newtonville, at the Shaw's overlooking the Mass Pike. The Star Market branch in Cambridge is located down the road and is less than a mile and a half from 78 Trapelo Road.
Customers with questions regarding the transition should contact Nancy Sarris, Senior Vice President Retail Banking, at 617-484-6700
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